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Levin Statement on Republican Tax Plan

Nov 2, 2017

WASHINGTON, D.C. – Rep. Sander Levin (D-MI) today released the following statement in response to the introduction of the Ryan-McConnell Republican tax plan, released earlier today:

“While we need to carefully review the over 400 pages in the GOP tax bill, one thing is already clear – it provides a huge giveaway to the wealthy and corporations financed by debt that middle-class families will ultimately have to pay for. Republicans claim this will stimulate economic growth, but history has shown their trickle-down economics don’t work.

“Additionally, this bill reduces tax credits that help many middle class families, like the state and local tax deduction, the student loan interest deduction, the itemized deduction for medical expenses. At the same time it gives the very wealthiest families a huge tax break by ending the estate tax, which now applies to only the richest 0.2 percent of all estates.”